Duplex with Attached
For Sale
$540,000
Pending
1536 Valarian St, Anchorage, AK 99508
Two three-bedroom residences with separate utilities and a sunroom serving Unit A.
Property Size2,667 SF
Days on Market159
Property Features for 1536 Valarian St
General Information
Standard status
Pending
Size
2,667 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
sunroom
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty Alaska Group
(907) 301-0233
Listed By:
Taylor Holfeld · License #18810
(907) 301-0233
Source:
Exprealty
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Alaska Group
Investment Insights
Based on property information with market context.
This 2,667-square-foot duplex contains two functional residences, each arranged with three bedrooms and one full bathroom. Unit A includes a bright sunroom, while the property also provides an attached two-car garage. Separate utility services support the individual units.
The property is located in Airport Heights near AK Regional Hospital, with access to healthcare, schools, and everyday amenities. Its residential configuration accommodates both owner-occupant use and investment ownership, as stated in the property information.
The property is located in Airport Heights near AK Regional Hospital, with access to healthcare, schools, and everyday amenities. Its residential configuration accommodates both owner-occupant use and investment ownership, as stated in the property information.
Key Highlights
- 2,667‑square‑foot duplex with two residential units
- Each unit includes 3 bedrooms and 1 full bathroom
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,166
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,320
$783.3K
Cap Rate 7%
$559,514
$559.5K
Cap Rate 9%
$435,178
$435.2K
Market Conditions
NOI Build-Up for 2,667 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.2K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$56.0K $20.98/SF
− OpEx
−$16.8K −$6.29/SF
NOI
$39.2K $14.69/SF
Area
Anchorage, AK
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$783,320
Cap Rate 7%
$559,514
Cap Rate 9%
$435,178
Alternative Uses
Best Use
Multifamily LT 5
$559.5K
$489.6K – $652.8K
NOI $39,166 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$489.7K
$428.5K – $571.3K
NOI $34,280 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$724.2K
$633.7K – $844.9K
NOI $50,694 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences with separate utilities and a sunroom serving Unit A.
Where is this duplex located?
The property is located at 1536 Valarian St Anchorage, AK.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,667‑square‑foot duplex with two residential units; Each unit includes 3 bedrooms and 1 full bathroom; Attached two‑car garage
